Quote:
Originally Posted by GGG
This is true but it isn’t based on the cost the city incurs as a result of property size. It’s based on the perceived value to a perspective buyer. It also doesn’t account for the class of home either. If you look at a 450k inner city condo vs a 450k suburban home they pay the same property tax. A person who chooses the 450k condo has less impact on the city but that isn’t reflected in tax rate.
What I want the system to do is reflect cost to the city in a component of city taxes but not just be punitive on people who can’t afford to live closer.
Why does location matter? Isn’t that just a function of the ability to afford and zoning restrictions. I’m not seeing a cost to the city based on where the impact occurs. The total acreage of the city remains unchanged.
|
Because location is desirable, and the people that can afford to purchase it can presumably afford to pay more.
Why does income matter for income tax rates? Shouldn't we all pay the same for receiving the same services?